This property looks like a bad Long-Term investment with a projected -5.56% first-year return on $116k initial cash invested.
-5.56%
Cash On Cash
5.37%
Cap Rate
0.88
DSCR
$4,100
Rent
-$536
Cashflow
Cash Flow
$4,100 income − $4,636 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$551k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,100
Total Expenses
$4,636
Mortgage P&I
68%
$2,799
Property Taxes
13%
$548
Home Insurance
5%
$223
HOA
0%
$0
Property Management
10%
$410
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0